Surprising Prediction: Solana (SOL) Price Could Reach $360!
The native token of Solana continues to show impressive performance throughout May, with its market value increasing from $146 at the end of April to a peak of $180 during Wednesday's trading. This marks the highest daily close since mid-February. Independent analysts More Crypto Online (MCO) have released a video update explaining that while this rise appears significant, it may not necessarily be excessive or too far.
In the video, MCO emphasizes that the rise from the low on April 30 follows a "five-wave pattern" and asserts that as long as this micro support area holds, there is a likelihood of higher price peaks. The micro support area in question is in the range of $159.67 to $168.23, which Solana (SOL) tested before rising further.
Potential Price Surge Up to $360
Find the next Dogecoin resistance prediction through the latest on-chain data analysis. Learn more about investor psychology and its influence on prices. More specifically, the Elliott wave calculations conducted by MCO now show five clear waves even at the level it refers to as "nano."
In classical wave theory, this configuration typically marks the end of the first impulsive wave or the closing leg of the diagonal. If this is a five-wave movement, it could be wave A, which will be followed by wave B and then wave C upwards.